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Latest Business News

Dow Chemical’s profit handily beats estimates as costs fall

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(Reuters) – Dow Chemical Co , the No.1 U.S. chemical maker by sales, reported a better-than-expected quarterly profit as cost cuts helped boost margins. …read more Via:: Dow Chemical’s profit…

Boeing could kill production of its iconic 747 jumbo jet

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The end may be near for Boeing’s iconic 747. …read more Via:: Boeing could kill production of its iconic 747 jumbo jet

Ford Motor profit falls as U.S., China weaker than expected

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DETROIT (Reuters) – Ford Motor Co reported second quarter profit that was weaker than expected as the company said sales in the United States and China did not match company…

Studio behind James Bond to be sold for $425 million

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The studio behind your favorite James Bond and Harry Potter films is preparing for a buyout. …read more Via:: Studio behind James Bond to be sold for $425 million

Roberto Cavalli names former Versace head as new CEO

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MILAN (Reuters) – Italian fashion group Roberto Cavalli said on Thursday it had named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch…

Chinese firm buys big stake in auction house Sotheby’s

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Chinese buyers have become major players in the global art market. Now, a Chinese company has amassed a significant stake in one of the industry’s most famous names, the auction…

Stocks: 4 things to know before the open

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This is not the time for pleasantries. …read more Via:: Stocks: 4 things to know before the open

Volkswagen first-half brand profit falls on scandal effects, lower sales

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BERLIN (Reuters) – Volkswagen on Thursday reported lower first-half profit at its core namesake brand, citing effects of the diesel emissions scandal and lower deliveries. …read more Via:: Volkswagen first-half…

Boeing’s iconic 747 era could come to an end

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(Reuters) – Boeing Co could end production of the iconic 747 aircraft as the world’s biggest plane maker fights falling orders and pricing pressure on the plane, according to a…

Shell’s quarterly profits sink 70 percent, below expectations

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LONDON (Reuters) – Royal Dutch Shell reported a more than 70 percent fall in quarterly profits on Thursday, well below analyst estimates, as weak oil and gas prices further ate…